Quarterly Country Risk Report: June 2010

Central American countries still need to improve their economic performance to reach investment grade ratings.

Wednesday, July 21, 2010

On its Quarterly Country Risk report for June 2010, the Central American Monetary Council (SECMCA), notes that Moody’s Investor Service improved the foreign currency risk ratings for Guatemala and Nicaragua. For Guatemala, the criteria for this improvement included a stable macroeconomic environment, backed by prudent fiscal and monetary policies, and for Nicaragua improvement in debt indicators and low fiscal deficits.

Despite these improvements, the region still needs to improve its economic situation to reach investment grade ratings, and join the ranks of Chile, Brazil, Mexico and Panama.

The report includes a detailed situation report for each country.

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Monthly Economic Activity Index
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